Senior Actuarial Pricing Specialist

Guardrisk; Johannesburg; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

Guardrisk is a leading cell captive insurer in South Africa. We seek an Actuarial professional to support pricing, product development and capital structuring within the CRS and VUMA portfolios. You will work with data scientists, analysts and actuaries to deliver insights and innovative solutions.

The role emphasizes pricing frameworks, technical guidance and collaboration with internal teams to ensure profitability and compliant product offerings.

Qualifications

• Actuarial degree or mathematics/statistics major required.
• Fellowship progress or Associate Actuary status advantageous.
• 5 years of relevant work experience.
• Non-life pricing experience preferred.
• SQL, Python and R knowledge is advantageous.

Responsibilities

• Take accountability for pricing, product development and capital structuring for CRS and VUMA portfolios.
• Lead rate reviews and re-pricing to ensure market competitiveness.
• Assess and approve new products for commercial viability and compliance.
• Review colleagues' work for accuracy and provide guidance to junior analysts.
• Collaborate with internal teams to structure deals with actuarial input.
• Investigate deviations and propose corrective measures.

Skills

Actuarial pricing

Data analysis

Communication skills

Analytical thinking

Self-motivation

Education

Actuarial degree

Maths or Statistics major

Tools

SQL

Python

R

Job description

Guardrisk is the undisputed market leader in cell captive insurance and risk solutions. We are renowned for our innovative approach to cell captive structures and other alternative risk transfer solutions for our clients. Guardrisk offers clients custom designed cover and is registered in South Africa as an insurer for all statutory classes of non-life and life insurance business.

Role Purpose

The Structuring and Solutions team forms the key point of contact between the different segments and the technical support areas, focusing on client service and client solution development. This role forms part of a diverse team that includes experienced Data scientists, Actuarial analysts and Qualified Actuaries. This position will be to assist with pricing, product development and providing insights to the Guardrisk cell captive ("GRI") business. The role will providing technical support in the form of pricing, product reviews and capital solution development of new and existing cell business.

Duties and Responsibilities

• Take accountability for all product development and pricing frameworks, and structuring initiatives across the CRS and VUMA portfolios.
• Lead rate reviews and re-pricing exercises for the existing product suite to maintain technical soundness and market competitiveness.
• Oversee the assessment and approval of new product offerings, ensuring they are commercially viable and compliant.
• Review and ensure the accuracy of fellow team members' work.
• Provide guidance to junior actuarial analysts.
• Partner with internal teams to structure new deals - providing actuarial input on optimal underwriting and capital structuring solutions tailored to client needs.
• Investigate, quantify and explain any deviations and advise on corrective measures.
• Ensure that all projects to be implemented adhere to audit and risk management requirements.
• Collaboration with external business support to define and develop the pricing models and processes.
• Support clients in the design and development of bespoke products, with a focus on innovation, profitability, and sustainability.
• Manage financial performance reporting, including monitoring product profitability and adherence to best-practice actuarial standards.
• Act as a senior technical advisor to both management and external stakeholders, translating complex actuarial insights into actionable business decisions.

Requirements

• An Actuarial or bachelor’s degree with mathematics or statistics as majors.
• Associate Actuary or making good progress with Fellowship level exams.
• Successful completion of F103 (General Insurance Principles) or equivalent short-term insurance exam.
• 5 years' relevant work experience.
• Non-life pricing experience.
• Coding knowledge in SQL, Python and R advantageous.
• Knowledge of insurance products, contracts and relevant industry legislations.
• Sound numerical skills and computer literacy is essential especially in the use of MS Excel, MS Word and SQL.
• Exposure to the SAM capital regime.
• Ability to examine and interpret data and provide insights.
• Strong technical expertise.
• Achievement orientation.
• Effectively manage time and ensure optimal productivity.
• Excellent analytical and communication skills.
• Results and solution focused.
• High degree of self-motivation and the ability to work independent of supervision.
• Naturally inquisitive mind set, with a strong innovative tendency.
• Self Confidence.
• Flexibility to cope with pressure and setbacks.
• Delivering results and meeting expectations.
• Excellent written and verbal communication skills, with the ability to explain technical concepts to non-technical stakeholders.
• Ability to network and consult across all levels of the organisation and with clients on technical structuring matters.

Should you not hear from us within 21 days, kindly consider your application unsuccessful.